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Thursday, October 26, 2006

The car too generates wealth

IIPM PUBLICATION
Like Warren Buffet’s almost every other investment, his Lincoln Town Car too generated money almost five times the value in an online auction conducted by eBay. The bid that clicked offered $73,200 for the 2001 model car was placed by Bill Zanker, who had earlier paid nearly $60,000 in another eBay auction for a lunch with Rupert Murdoch. The online charity auction that drew 63 bids during the 12-day eBay auction closed on September 22, 2006. Money raised by the auction will go to Girls Inc., a national not for profit youth organization working towards educational and recreational programs for 6- to 18-year-old girls in high risk areas.

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Source : IIPM Editorial, 2006

An IIPM and Management Guru Professor Arindam Chaudhuri's Initiative

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